Exhibit 10.37 INSTITUTIONAL STOCKHOLDER SUBSCRIPTION AGREEMENT This Institutional Stockholder Subscription Agreement (this "AGREEMENT"), dated as of January 20, 2000, between MJD Communications, Inc., a Delaware corporation (the "COMPANY"), and the...Institutional Stockholder Subscription Agreement • March 30th, 2000 • MJD Communications Inc • Telephone communications (no radiotelephone) • New York
